Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-08-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.68-57.62-57.61-.Resistance for the JPYINR is 58.3-58.33-58.38-59.29- In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Dollar- Pound-Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 59.07 or hold with stop at 58.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.417 with a stop at 57.754 Below 57.605 go for sell
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